Sound Income Strategies LLC Boosts Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Sound Income Strategies LLC boosted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 125.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535 shares of the exchange traded fund’s stock after buying an additional 298 shares during the quarter. Sound Income Strategies LLC’s holdings in iShares TIPS Bond ETF were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new stake in iShares TIPS Bond ETF in the 2nd quarter worth about $26,000. Private Ocean LLC raised its position in shares of iShares TIPS Bond ETF by 66.7% in the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares during the period. Salem Investment Counselors Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 1st quarter valued at approximately $36,000. Gradient Investments LLC boosted its holdings in iShares TIPS Bond ETF by 352.7% in the 2nd quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 261 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new position in iShares TIPS Bond ETF in the 2nd quarter valued at approximately $40,000.

iShares TIPS Bond ETF Price Performance

Shares of TIP stock opened at $109.37 on Tuesday. The stock has a market capitalization of $18.98 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. The company’s fifty day simple moving average is $109.52 and its two-hundred day simple moving average is $107.65. iShares TIPS Bond ETF has a 1 year low of $102.32 and a 1 year high of $111.06.

iShares TIPS Bond ETF Profile

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).